<h1>Union Cabinet Approves Rs 11,440 Crore Revival Plan for RINL to Boost Operations and Secure Jobs.</h1> The Union Cabinet has approved a Rs 11,440 crore revival plan for the debt-laden Rashtriya Ispat Nigam Ltd (RINL). This plan includes an infusion of Rs 10,300 crore as equity capital and converting Rs 1,140 crore of working capital loan into non-cumulative preference shares. The initiative aims to resolve RINL's legacy issues, enhance operational efficiency, and restore full production capacity. RINL, operating the Visakhapatnam Steel Plant, has faced financial difficulties, including defaulting on loan repayments. The revival is expected to stabilize the Indian steel market and secure jobs linked to the steel plant's operations.